Overview

LodeStar is an cutting-edge leader in the tech industry, and they were poised to invest $5-6k/mo for CFO-level services. When they discovered SeedMetrics, we connected them with one of our trusted, cost-effective accounting partners. SeedMetrics real-time visibility into financial and operational performance, paired with the controller-level services from our accounting partner, provided Lodestar’s leadership team with all the value that the Lodestar team required out of a CFO, at less than 10% of the cost.

The Challenge

Like many executive teams, Lodestar wanted to understand their real-time financial position. They wanted visibility into business performance and to keep a pulse on cash forecasts. They intended on finding a CFO to provide them this level of insight, and had prepared to spend more than $60,000/year to receive those services.

The Solution

SeedMetrics, paired with one of our trusted accounting partners, offered a two-pronged approach:

1. SeedMetrics provided detailed financial & operational analytics
2. The accounting team used SeedMetrics tools to highlight financial insights and discern actionable takeaways

Together, these elements enabled Lodestar to capture 95% of the CFO value at less than 10% of the anticipated cost, transforming their financial strategy while preserving budget integrity.

The Testimonial

"SeedMetrics easily saved us $50,000 this year. Not only did they connect us with a top-tier accounting partner, but their financial and operating reporting tools delivered all the insights and value we expected from a full-time CFO. The cost savings have been remarkable, and we now have the visibility we need to make business decisions with confidence."

The Impact

The SeedMetrics solution has had a lasting impact on Lodestar Technology:

• Cost Efficiency: Achieving premium CFO-level insights at a fraction of the cost has redefined their financial strategy.
• Enhanced Transparency: Detailed, real-time reporting has improved financial clarity, leading to more informed decision-making.
• Operational Excellence: With the heavy lifting of CFO duties managed, Lodestar can now focus resources on innovation and growth.
• Competitive Advantage: The strategic partnership and efficient reporting have positioned Lodestar as a financial leader in its industry, setting new benchmarks for performance and cost-effectiveness.

Overall, SeedMetrics not only met but exceeded Lodestar Technology’s expectations, proving that strategic financial solutions can be both high-value and budget-friendly.